Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1887-07-02

I
Inc business anu affairs Of said cor
| por2uun snail be under the supe,yiS-
! ION anu management of Board Of Ri
/ fCctOfs COMPOSED Of stock holders 10 lee
elected annually Oh the lir,t Monday
II May o. each year, said election shall
! be by ballot and conducted a the Office
/ % sad corporation, and the directors
! theh elected. shall serve unit their
successors shall have been elected. 4
! majority Of the votes cast shall elect
and each share of stock shall be emit.
/ tied to one vote, either in person or bv
proxy.
Any vacancy occurring in said Board
! from any cause whatcver, shall be filed
by election by the remaining directors:
four directors shall constitute a
quorum Tor the transaction ofbusipcss
and SAID Board Of Directors at their
hTSt meeting In each year, shall elect
ont OF their own number a Presi-
dent, VINO shall ne exc lFicio the Treas
urcr, a Wee President who shall be en-
ollIclo, Inc Secretary, and an attorney
for the cOu.pany. The President and
Nice-Ffesident shall appoint from time
10 time, such officers, managers. oDer-
atOrs, and other agents as NAV he
deemed necessary for the business and
purposes Of said corporation. and dis
miss the same at pleasure, aud said
directors shall have full power and au-
tnority to make and establish as well
az ciangc Or amend and alter all by
laws, rules and regulations for the sup
port and MANAGEMENT of the affairs
and business of said corpsration.
ARTICLE SIXTH.
whenever this corporation is dis |
solved either by Limitation or from any |
other cause, its affairs shall be Goui- |
dated under the Superintendent of
three stockholders to be appointed for |
that purpose at general meeting of |
the stockholders, convened after thirty |
days prior notice, and with the assent |
OF the majority in amount of the capi-
tai stock, said commissioners shall re-
main In office until the affairs of said
corporation shall have been fully lioui-
dated and in case of the death of one
or more OF said commissioners, the sur
Vivor or survivors shall continue to
act.
ARTICLE SEVENTH.
This act of corporation NAV be
changed, modified or altered. or said
corporation may be dissolved with the
assent OF d majority IN amount OF the
stock thereof, at any general
meeting of The stock holders of said
corporation con gened for such purposes
ilter thirty days previous notice of
'9cn meeting shall have Leen publish
~ IN one paper IN eaca Of said two
parishes.
ARTICLE EIGHTH.
No stakeholder shall ever be held Ii
ible or responsible for the contracts or
aults or negiects of said corporation
any iurther sum than the unpaid
balance due on the shares of stock
,wned by him.
Nor shall any mere informality in
'fsanlzatlon have the effect of render
hg The charter null, or of exposing a
'lockhgIder to any liability beyond the
mount Of his stock.
W Ifee messages on private business
nan be allowed by the board of Di-
ecJOrs
ARTICLE NINTH.
There shall be = regular animal
leeunc of the Directors on tho tbirJ |
tonday of each May al the doniie;ie oil
he company.
The president may call meeting
Ter ten lays notice 70 each director
'htntFer necessary, nr when au q.,rl--
ati1n Therefor shah be signed .v any
Jur OF the Directors.
Inc votes Cf Directors shall he in
erS'n or 10y written proxy.
Anu by vote of a majority of all the
irectorS this line may be extended to
aterproot or beyond, if the capital
'ock be subscribed therefor.
ARTICLE ZENITH.
Inc following officers and Board of
irectors nave been chosen BY the
"a to serve as such until the :
st Monday in May 1898. orrntii their i
iceess9rs shall have been elected.
y Brown, Pres, and ex-Otfioio Treas. T